- 5-
22.1
10. The figures given in the Report of the University's income
before the war are: Fees and Investments 33,500 plus
Hong Kong Government Grant £23,500 = total 57,000. Since the
date of the Report the Vice-Chancellor has indicated certain
adjustments which should be taken into account making the
estimated annuel
Fees
Sterling Investments
£22,000
15,500
1.500
39,000
30.000
$69,000
Silver Investmenta
Present Hong Kong Government Grant
11. The additional annual expenditure to be met is therefore
estimated at 152,500 less £69,000 1.0. £83.500.
12. The total annual expenditu.e from Government sources will
be £83,500 plus the present annual grant from the Hong Kong
Government of £30,000 numely £113,500.
13. It is suggested that the capital expenditure or £716,000
required should be met as follows:
From U.A. funds other than C.D. and w.
Allocation under Colonial Development
and Welfare Act outside the su provisionally allocated to Hong Kong
£500,000
Hong Kong Government revenue
200,000
16,000
£716,000
14.
It is suggested that the total recurrent expenditure of
£113,500 required should be met as follows:
Contribution from U.K. Iunds of £30,000
rising to
by £2,500 per annum over a six
year poriod.
£45,000
Contribution from Hong Kong
Government of
£30,000
rising to
£68.500
£113,500
15. The expected proportions of Colonial Dominion and Foreign
students would justify the rising contribution from U.K. funds
which might possibly include some surventions from the